9211 South Laflin Street

Chicago, IL 60620

$1,425,000
Price
20
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate...Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
  1. Listed by Jason Marcordes • Landmark Property Management, Inc.

Property Details for 9211 South Laflin Street

Area
CHI - Washington Heights
Zoning
MULTI

Location

Listing Courtesy of Landmark Property Management, Inc.
Add your commute
LISTING UPDATED: 03/10/2024 12:07 AM

Property Details for 9211 South Laflin Street

StatusActive
MLS #11987588
Days on Market97
Taxes$17,682 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1931
Lot Size0.26 AC / 11,250 SF
CountyCook County

Location

Listing Courtesy of Landmark Property Management, Inc.
Add your commute

Building Information for 9211 South Laflin Street

Stories-Residences15Year Built1931Building Size-Lot Size0.26 AC / 11,250 SF

Payment Calculator

$9,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$1,474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9211 South Laflin Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street, Alley Access
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Basement Description: None
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 15
  • Washer/Dryer Lsd: Yes
  • Misc Inside: Skylight/s,Laundry Room,Workshop Area (Interior)
  • # Of Dryers: 2
  • Num of Baths: 16.0
Exterior Features
  • Misc Outside: Courtyard
Utilities / Equipment
  • Utilities: Water-Municipal, Cable Available
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 90X125
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 15
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-03-04T11:55:30
  • Photos Count: 32
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks,Cable Ready
  • Location: In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 15
Income & Expenses
  • Electric Expense: $1,605.00
  • Fuel Expense: $4,156.00
  • Gross Income: $188,160.00
  • Gross Scheduled Income: $189,780.00
  • Insurance Expense: $5,477.00
  • Maintenance Expense: $17,682.00
  • Manager Expense: $14,650.00
  • Known Encumbrances: First Mortgage
  • Expense Year: 2023
  • Janitor Expense: 3660
  • Net Operating Income Year: 2023
  • Total Monthly Income: 15680
  • Net Operating Income: $88,694.00
  • Operating Expense: $77,283.00
  • Other Expense: $6,824.00
  • Trash Expense: $3,473.00
  • Water Sewer Expense: $4,271.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 6
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 2
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 9211 South Laflin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9211 South Laflin Street

Taxable ValueLand$5,625Additions$65,676Total$71,301
Tax Record2022$14,709 ($1,226 / month)
Home Facts
Stories3Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1931CountyCOOKAPN25-05-310-005

Schools near 9211 South Laflin Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - K to 2
Rating
School
Distance
Fort Dearborn Elementary School
PublicPK to 8

Corliss High School
Public9 to 12

Bridgescape Academy Brainerd
Public9 to 12

CICS Loomis
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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9211 South Laflin Street is a multi-family home for sale in Chicago, IL 60620. This property was listed for sale on March 4, 2024 by Landmark Property Management, Inc., it's currently listed at $1,425,000. It has been on the market for a total of 97 days and was last sold on November 18, 2021. This listing's school district is City Of Chicago School District 299. Nearby schools include Fort Dearborn Elementary School, Corliss High School and Bridgescape Academy Brainerd. 9211 South Laflin Street is a 20-bed, 16-bath, multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Landmark Property Management, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.